This week’s top legislative and policy news from the Mortgage Bankers Association.
Category: News and Trends
Quote: Aug. 19, 2024
“Purchase applications for newly built homes increased 9 percent in July helped by sustained demand for new homes and declining mortgage rates.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Redfin: Investor Home Purchases Post Biggest Increase Since Q2 2022
Investor purchases of homes were up 3.4% year-over-year in Q2, per Redfin, Seattle.
First American: AVMs Take Center Stage as New Rules Spotlight Performance (Sponsored Content)
New federal guidelines and changes in methodology testing are giving AVMs more attention. Learn how companies must comply with these new guidelines.
Calling All Lenders: Join MISMO’s Inaugural Lender Forum on Aug. 27
MISMO is hosting the first meeting of its new Lender Forum on Tuesday, August 27 at 1:30 PM ET in Reston, Va. or online via Zoom.
MBA: Mortgage Delinquencies Increase in Second Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.97% of all loans outstanding at the end of the second quarter, MBA’s National Delinquency Survey found.
ATTOM Reports Foreclosures See Monthly, Annual Increase in July
ATTOM, Irvine, Calif., said foreclosure filings rose 15% month-over-month and a slight .2% year-over-year.
TransUnion: First-Quarter Mortgage Origination Volumes Up Slightly
First-quarter mortgage origination volumes increased by 2% year-over-year to 915,000, according to TransUnion, Chicago.
Quote: Aug. 16, 2024
“Mortgage delinquencies increased across all product types compared to this time last year.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
Calling All Lenders: Join MISMO’s Inaugural Lender Forum on Aug. 27
MISMO is hosting the first meeting of its new Lender Forum on Tuesday, August 27 at 1:30 PM ET in Reston, Va. or online via Zoom.